News Archives - Month: July 2018
Many homebuyers these days are wise enough to look beyond the purchase price of their home, and to consider their annual expenses associated with homeownership as well. This is something the development team at Sterling Ranch understood, as we took careful measures to incorporate energy efficient design guidelines for our builders, for example.
Within the master-planned community development model, though, there is a unique cost structure that many homebuyers don’t fully understand, so we wanted to help spell this out as clearly as possible.
First, let’s acknowledge the most common misperception. Living at Sterling Ranch does not come with HOA dues. All shared community costs that are associated with homeownership at Sterling Ranch come in the form of a Mill Levy. The biggest difference between HOA Dues and Mill Levies? Tax allocation. HOA Dues are not tax deductible as a part of the standard homeownership tax deductions, though Mills are.
The Sterling Ranch Metro District mill levy, the HOA-esque equivalent line item, is 88.444 mills. This Metro District mill levy includes all the amenities that are normally incorporated within an HOA fee such as snow removal, recreation center access, and landscaping of common grounds. In addition, Sterling Ranch includes some unique additional amenities in that amount such as annual parks passes to Colorado’s State Parks.
July 21-July 30, 2018
Working jointly with Douglas County, Sterling Ranch is executing significant improvements to bring its surrounding roads up to current code standards. Sterling Ranch is committed to improving the safety and mobility of surrounding roads and is developing an internal road network to keep drivers, bikers and pedestrians safe.
Titan Road Improvements
Commuters should expect rolling lane shifts throughout the week ahead, beginning on Saturday, July 21. Any detailed additional updates will be posted as they become available. This work is due to the expansion of rainwater drainage capacity along Titan Road, an improvement that will greatly the reduce flooding impacts that Titan Road has seen during storm events in the past.
We thank you for your patience, and we are glad to be leading the improvement of this important route for our region.
Other area projects commuters should be aware of:
- Online Tool to Navigate Traffic in Douglas County: You can access NearMeDC, a free online tool to help you navigate cone zone traffic congestion throughout Douglas County. The tool allows you to identify one or more areas within the county through which you travel, subscribe to and then receive a Cone Zone notification specific to the areas you’ve chosen. When a cone zone occurs in your area of interest, a notification – via email or text – is delivered. Douglas County developed the online tool to help those who travel within the county become aware of, plan for and navigate around county cone zones – before they begin their journey to work, school or play. The county also announced its two-way data-sharing partnership with Waze, the free, real-time navigation app.
Sterling Ranch is pleased to announce two new Colorado-based businesses coming to the community – the Grist Brewing Company and Atlas Coffee. The two companies will soon provide their craft-made products in the community’s first commercial building, the Sterling Center, opening this Fall.
“Sterling Ranch is an incredible new community in the southwestDenver area, and we are excited to be a part of creating an inviting new community environment in the Sterling Center,” said Chuck Norman, Director of Grist Brewing Company. “In addition to providing our own craft beer, we are also planning to offer wines from Colorado-based wineries at this location, an exciting new foray forour team.”
“We created Atlas with the idea of building community through the creation of craft coffee,” said Brad Heykoop, Owner of Atlas Coffee. “From building opportunity for workforce development in the bean-growing countries where our coffee is sourced, to creating a space that welcomes all members of the community for meetings, connections, and sharing, we saw a great alignment between our own mission and that of the creators of Sterling Ranch. We couldn’t be prouder to become a part of this community.”